| RYNHX Fund | | | USD 130.48 0.17 0.13% |
Nova Fund total-risk-alpha technical analysis lookup allows you to check this and other technical indicators for Nova Fund Class or any other equities. You can select from a set of available technical indicators by clicking on the link to the right. Please note, not all equities are covered by this module due to inconsistencies in global equity categorizations and data normalization technicques. Please check also
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Nova Fund Class has current Total Risk Alpha of 0.0383. The total risk alpha measures the performance of an asset by comparing its returns with those of a selected benchmark portfolio.
Total Risk Alpha | = | RFR + (ER[b] - ER[a]) | x | STD[a] / STD[b] |
| = | 0.0383 | |
| ER[a] | = | Expected return on investing in Nova Fund |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Nova Fund |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Nova Fund Total Risk Alpha Peers Comparison
Nova Total Risk Alpha Relative To Other Indicators
Nova Fund Class is rated top fund in total risk alpha among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
215.23 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Nova Fund Class is roughly
215.23 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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